Southeast Edgewood
Southeast Edgewood, and the south side of I-40, offers a rural lifestyle at a reasonable price, great views of the eastern slope of the Sandias, and a commute to Albuquerque that is under 45 minutes. There are properties available for well under $100,000, and some manufactured homes for even lower prices. High-end proeprties in Edgewood run only in the mid to upper $200,000's, so the area is a great place for country-types on a budget.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$465,000High:$207,500High:$234,000
Low:$42,000Low:$93,500Low:$27,000
Average:$186,915Avg:$170,475Avg:$162,499
In 2007, 20 single family homes sold in this area. Average time on the market was 51 days.
In 2008, 12 single family homes sold in this area. Average time on the market was 103 days.
In 2009, 11 single family homes sold in this area. Average time on the market was 164 days.
 
Data above is based on yearly sales data results in the given area from the Greater Albuquerque Association of Realtors® for single family, site-built homes.